You got earnings beat, and stock is up and outlook is all glowing!
New CEO who managers by the numbers, new Chairman with no deep understanding of silicon design, development, manufacturing.
Let’s manage by the numbers and cut cut cut.
The new Intel, there will be a nice bump but they will lose to AMD, TSMC, Apple, Huawei and Samsung because of who is running the place and how they are managing it
Intel has already said that they are hiring >1,800 this year! Every Monday still has a full NEO class.
They can try to hire new talent but Intel only hires third-rate hacks and their compensation reflects that.
After every lay-off there will be hiring for the new growth areas, you’d figure after the last totally bungled lay-off the management would maybe try something to build their credibility as a take care of their family of employees and redeploy to the growth and investment areas, it is new leadership after!
Guess it is even more draconian and to mange the results for wallstreet all about move the stock and move the employees to move the stock more.
Forget about being a visionary technology company
Intel must hire back Bill Chulmers who invented Taino. This is the only way out of the mess.
Yeah I don't get it. Only thing can see is based on projections, maybe because there is not double digit growth anticipated. Layoffs seem baffling.